City Councilman Gordon Wozniak wants to repeal key portions, if not all, of that most hallowed of Berkeley legislation: the Nuclear Free Berkeley Act.
Wozniak is working on an ordinance to overturn the portion of the act that bans the city from investing in U.S. Treasury bonds, notes and bills. In a struggling economy, the city’s finance director should have more flexibility and options for investments, particularly conservative ones like Treasury bonds, Wozniak said.
I’ll fight this in the streets, at City Hall, anywhere it needs to be fought,” said Peace and Justice Commissioner Bob Meola. It “is total nonsense that the act is a relic left over from the Cold War. The threat of nuclear war is very real and, unfortunately, will continue to be so as long as nations and unknown players have possession of nuclear weapons.”
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Do you get it? The government has nuclear stuff so do not invest in government bonds. Where does one go for nuclear medicine? Is any nuclear power used for developing anything Berkeley buys? FirenzeSage48@gmail.com
It’s time Berkeley banned its rent control … that would do a lot to help stabilize property valu7es more realistically.Â